The Financial Times reports that Citigroup has hired one of Europe’s best-known dealmakers as the US group seeks to add a string of top investment bankers even as it is sharply reducing junior staff.

Luigi de Vecchi, a former Credit Suisse and Goldman Sachs banker, has been appointed as chairman for corporate and investment banking in continental Europe.

And The Wall Street Journal reports that Morgan Stanley's Hong Kong-based chief financial officer for Asia-Pacific, David Sutherland, is leaving the company, people familiar with the matter said last week.

Sutherland is being replaced by Anthony Mullineaux who has been with Morgan Stanley in Europe and Asia for 19 years. He will take the title of head of Asia-Pacific Finance - not CFO, one of the people said.

Dalban, 48, is negotiating his departure after the bank cut traders within his Angel Lane Principal Strategies division and decided to review whether to continue the business, said the people, who asked not to be identified because terms of his exit haven’t been completed. Tokyo-based Nomura, Japan’s largest brokerage, cut more than 20 jobs in the trading unit in London,New York and Hong Kong last month, the people said.

Roncevich departed in November after ceding oversight of the business in July, Elise Wilkinson, a bank spokeswoman, said via e-mail today. Roncevich joined Wells Fargo through its 2008 purchase of Wachovia Corp. and ran the sales and trading of physical commodities and derivatives. Pekka Kauranen now heads commodities trading at the San Francisco-based firm.

UBS fired Rick Meslin, head of Canadian equities, and Chief Economist and Strategist George Vasic as part of the cuts, said Karina Byrne, a spokeswoman. The firm cut 10 jobs in equity research and the rest in cash sales and trading. The banking unit had about 48 staff before the cuts, mostly in Toronto, she said.